Florida Keys Devastation After Hurricane Irma

SNN, The Suncoast News Network, accepted Cumberland Advisors’ offer to accompany us to the Florida Keys and document the dire conditions that so many residents and the fishing guide community that we hold dear endured and continue to struggle under.

Immediately after Hurricane Irma’s eye passed over the Florida Keys, massive damage to the Lower and Middle Keys was apparent where hundreds of homes and businesses were destroyed by high winds and a huge storm surge. Multimedia Journalist, Nadine Young, captured the lingering effects months after Hurricane Irma had passed.

This first hand perspective was eye opening and our hope is that the public will have a greater awareness of the devastation, power, and consequences hurricanes have over our coastal areas, territories, and our neighbors in the Caribbean.

See Bob Bunting’s description of what he saw on our trip together along with a gallery of photos we assembled to document what we experience here: Key West, Bob Bunting

Bob will also be at USF Sarasota-Manatee on February 22, 2018 for “Cuba and the Caribbean: What Now?” The event lasts from 8:00 a.m. – 3:00 p.m. and features congressmen, a former diplomat, and other notables.  Details can be found here, please join us: http://usfsm.edu/event/cuba-and-the-caribbean-what-now/

This trip and the devastation that occurred to Big Pine Key and other parts of the Florida Keys will be discussed at the event Cumberland is helping to sponsor at USF Sarasota-Manatee, called “Cuba and the Caribbean: What Now?” Details can be found by using the preceding link.

In addition to SNN’s videos below, we present footage from Brian Dombrowski‘s webcams that captured Irma as she rolled into Key West. While you take notice of the boats ripped from their mooring and washing out to sea, note that the surge and storm were even more powerful at its epicenter over Big Pine Key, culminating in a 10 foot surge based upon waterlines we saw firsthand among damaged homes.

 




Congressional Panel Confirmed for February 22

We have now confirmed a bipartisan congressional panel for the February 22 “Cuba and the Caribbean: What Now?” event. Florida Congressman Carlos Curbelo, whose district includes the Keys, which bore the direct hurricane hit, is joined by Virgin Islands Congresswoman Stacey Plaskett. The moderator of this session is Ben White, journalist from Politico and CNBC political correspondent.

What now, Cuba - USF Sarasota-Manatee

The full program and registration information can be obtained with this link: https://www.wusf.usf.edu/cuba_and_the_caribbean_what_now.

This full day is designed to inform a broad range of people — tourists, travel agents, investors, policy wonks, and weather-forecasting folks. And those who wish to think about the government’s responsibility and actions in the hurricane-damaged parts of Florida or Texas or Virgin Islands or Puerto Rico or Cuba or elsewhere in the Caribbean, this program is for you.

The event costs only 50 bucks, and that covers lunch. This open forum is made possible by USF Sarasota-Manatee, the Atlanta Fed Americas Center, and the Global Interdependence Center. All media are welcome to cover the panel, and the entire community is invited.

Cumberland Advisors provided a grant to USF Sarasota-Manatee and to GIC to assist this event aimed at public education. Please come.

Cumberland Advisors is a proud sponsor of the Global Interdependence Center.




Cuba and the Caribbean: What Now?

Recent changes in US policies toward Cuba have reinvigorated debate over US-Cuba relations. How will these revised policies affect American business, trade, and travel, as well as the well-being of the Cuban people? What does the future hold? Please join Cumberland Advisors, the Global Interdependence Center (GIC), the University of South Florida Sarasota-Manatee, the Federal Reserve Bank of Atlanta, and our panels of leading experts as we discuss money payments, tourism, policy, security, Puerto Rico, and the state of US-Cuba relations and the outlook going forward on Thursday, February 22, 2018, in Sarasota, FL.

Please be our guest.

The discussion lineup is a first-class assemblage with valuable and varied perspectives to share.  Jorge Duany, director of the Cuban Research Institute and professor at Florida International University, and Collin Laverty, president of Cuba Educational Travel, senior partner at Havana Strategies, and a leading expert on US–Cuba relations, and David Seleski, president and CEO of Stonegate Bank (the licensed banker to handle transfers and money payments between Cuba and the US), will also speak. A bipartisan panel discussion with Congressman Carlos Curbelo, who serves Florida’s 26th Congressional District, which includes the Florida Keys, and Congresswoman Stacey Plaskett, who represents the U.S. Virgin Islands will be moderated by Ben White, a CNBC political correspondent and journalist from Politico. Finally, a former US ambassador to Cuba, Vicki Huddleston, is on the program.

Please join us.

Economic and financial issues will be thoroughly discussed. Sara Banaszak of Exxon Mobil, who has expertise in the energy sector along with others will weigh in on everything from Puerto Rico Electric Power, to offshore drilling, to national constraints.

Should the money be spent to transform Puerto Rico’s power grid into a more stable, efficient, and less vulnerable system consisting of batteries and solar arrays? Should the old system simply be updated in the interest of time/money? Or a hybrid solution?

Eugenio Alemán carries the Latin connection; he is senior economist at Wells Fargo Securities. And to round out this discussion we add Steve Kay, director of the Americas Center, Federal Reserve Bank of Atlanta.

This full day is designed to inform a broad range of people — tourists, travel agents, investors, policy wonks, and weather-forecasting folks. And those who wish to think about the government’s responsibility and actions in the hurricane-damaged parts of Florida or Texas or Virgin Islands or Puerto Rico or Cuba or elsewhere in the Caribbean, this program will touch on that too. The event is only $50 and includes a Cuban inspired lunch.

Please come.

Speakers for the “Cuba and the Caribbean: What Now? event include:

Karen Holbrook – Executive Vice President at the University of South Florida Sarasota-Manatee and Sr. Advisor to the President at the University of South Florida. She is currently serving as the Executive Vice President at the University of South Florida Sarasota-Manatee and Sr. Advisor to the President at the University of South Florida. Prior to this position, she served as the Interim president at Embry-Riddle Aeronautical University, after leaving the University of South Florida where she was Senior Vice President for Research and Innovation, then Senior Vice President for Global Affairs and International Research. Before coming to USF, Dr. Holbrook served as president of The Ohio State University from 2002-2007. She was also the senior vice president for academic affairs and provost and professor of cell biology at the University of Georgia, vice president for research and dean of the Graduate School at the University of Florida, and associate dean for research and professor of biological structure and medicine at the University of Washington, School of Medicine.

David Kotok – CIO of Cumberland Advisors. He cofounded Cumberland Advisors in 1973 and has been its chief investment officer since inception. David holds a B.S. in economics from the Wharton School of the University of Pennsylvania, an M.S. in organizational dynamics from the School of Arts and Sciences at the University of Pennsylvania, and a master’s in philosophy from the University of Pennsylvania.

Stephen Kay – Center Director of the Atlanta Fed’s Americas Center. Dr. Kay is part of the financial markets team. His research focuses on political economy and public policy in Latin America. His articles on pension reform in Latin America have appeared in the Journal of Comparative Politics, Foreign Policy Journal, Journal of Aging & Social Policy, Journal of European Social Policy, Journal of Interamerican Studies and World Affairs, International Social Security Review, Latin American Politics and Society, Social Security Bulletin, and the Atlanta Fed’s Economic Review. Dr. Kay is a coeditor of Lessons from Pension Reform in the Americas (with Tapen Sinha, Oxford University Press) and an author of Social Security in Latin America: Pension Reform and the Challenge of Universal Coverage (with Carolina Felix and Tapen Sinha, Cambridge University Press, forthcoming). He has testified twice before committees of the United States Congress on pension reform in Latin America. Dr. Kay received his bachelor’s degree from the University of California and his doctorate in political science from the University of California, Los Angeles.

Donald Rissmiller – Founding Partner of Strategas. Donald has been the firm’s chief economist since 2006, directing its macroeconomic research effort. He oversees Strategas’ high-frequency econometric forecasting and thematic economic research. Mr. Rissmiller’s research has been consistently recognized by Institutional Investor magazine in their annual survey: he was ranked best up and coming economist in 2008, and was third in their 2009 All-America Independent Research Team survey. He is frequently quoted in the financial press.

Partners for this event include the University of South Florida Sarasota-Manatee (USFSM) the Federal Reserve Bank of Atlanta, and the Global Interdependence Center who’s mission is to encourage the expansion of global dialogue and free trade in order to improve cooperation and understanding among nations, with the goal of reducing international conflicts and improving worldwide living standards.

For a list of sponsors and a link for registration, please visit USF Sarasota-Manatee’s website.

USF Sarasota-Manatee: http://usfsm.edu/event/cuba-and-the-caribbean-what-now/

Event Details
Date: Thursday, February 22, 2018
Time: 08:00 AM – 03:00 PM

Event Location
University of South Florida Sarasota-Manatee, Selby Auditorium
8350 N. Tamiami Trail
Sarasota, FL 34243

Bob Bunting, a friend and accomplished professor whose expertise includes hurricanes, joined our small, fact-finding group on a trip to Key West and five other Keys that were hit by Hurricane Irma. Here is his narrative of the trip, which he has agreed to share with our readers. We thank Bob for joining us and reflecting on his findings: http://www.cumber.com/key-west-bob-bunting/

SNN, The Suncoast News Network, accepted Cumberland Advisors’ offer to accompany us to the Florida Keys and document the dire conditions that so many residents and the fishing guide community that we hold dear endured and continue to struggle under. See their news footage here: http://www.cumber.com/florida-keys-devastation-after-hurricane-irma/

CubPhotos of Cuba from 2017 and of Florida Keys after Irma.




David Kotok to Speak at Money, Models, and Digital Innovation

In January of 2018, David Kotok will join The Global Interdependence Center (GIC) at San Diego’s Rady School of Management for the Money, Models, and Digital Innovation Conference.

David Kotok to Speak at Money, Models, and Digital Innovation

GIC will present the GIC Frederick Heldring Award for Global Leadership to Eric Rosengren, President of the Federal Reserve Bank of Boston. President Rosengren will deliver the keynote talk at the conference which explores digital innovation in money and portfolio management, with expert panels on Big Data and Machine Learning, Portfolio Optimization, and Crypto-Digital currencies as money and as investments. David will be a featured speaker and lunch will be a conversation with Nobel Prize winner Harry Markowitz, who started the modern portfolio era with his pioneering work on risk and portfolio selection.

Visit GIC online or see the Event Flyer here for details: https://buff.ly/2CCqkce




John Mousseau Panelist at American Enterprise Institute Puerto Rico Discussion

Hurricane Maria delivered a serious body blow to the Puerto Rican economy by severely damaging much of the island’s infrastructure. This raises the prospect of a humanitarian crisis on the island and a mass wave of migration to the mainland.

John Mousseau of Cumberland Advisors joined other panelists during a seminar at the American Enterprise Institute that took stock of Puerto Rico’s post-hurricane economic prospects.

John Mousseau Panelist at American Enterprise Institute Puerto Rico Discussion

Having occurred Monday, November 6, 2017 between 2:00 pm & 4:00 pm, it also explored the appropriate policy response from Washington to the Puerto Rican crisis and the issue of how the island’s debt might be restructured. A livestream of the event was generated from AEI’s  YouTube page.

Panelists & Participants:
-Andrew Biggs, AEI
-Jose Carrion, Financial Oversight and Management Board for Puerto Rico
-Anne Krueger, Paul H. Nitze School of Advanced International Studies
-Desmond Lachman, AEI
-John Mousseau, Cumberland Advisors
-Alex J. Pollock, R Street Institute
-Antonio Weiss, Harvard Kennedy School

Join the conversation on social media by following @AEI and @AEIecon on Twitter and Facebook.

Watch the recorded video of this engaging panel talk below:

Learn more about John Mousseau here: http://www.cumber.com/team/john-r-mousseau/


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MoneyShow San Francisco – Aug 24-26, 2017 – Profitable ETF Strategies for Any Investor with Michael McNiven, Ph.D.

August 24 – 26, 2017 | San Francisco – Aug 26, 2017, 12:30 PM – 3:30 PM

Don’t have a profitable ETF strategy yet? You will learn how to simply and effectively find one that works for you no matter how volatile the markets may be. ETF investing is very manageable if you know what you want, how to find it, and then manage it with a strategy that doesn’t leave you frantically making the wrong decisions when the market changes direction.

Using widely known ETFs, your faculty will show you which sectors prosper in bull markets, and which thrive in bear markets. You will discover how to use certain sector ETFs to spot potential upcoming market reversals, and how to spot sector ETFs that may be the next champions.

This three-hour event will feature three top ETF experts who will share the strategies that have been working in these markets to help you learn how to maximize your profits and limit your risks.




Live Stream & Watch Cumberland Advisors & University of South Florida Sarasota-Manatee Financial Literacy Day

Cumberland Advisors & USF Sarasota-Manatee Financial Literacy Day

*** STREAMING LINK ***
https://mediasite.usfsm.edu/Mediasite/Play/dd1caacd320747b99eb09595735a99631d
*** STREAMING LINK ***

Financial Literacy Day Agenda PDF

Cumberland Advisors and the University of South Florida Sarasota-Manatee are proud to present Financial Literacy Day, held at the University of South Florida Sarasota-Manatee campus this March 30, 2017. This event will feature panel discussions by experts on:

– Fiduciary/Trustee Roles and Responsibilities
– Women’s Financial Issues
– Investment Options/Outlook for Investors and Financial Markets
– The Global Economic Outlook

The keynote remarks will be given by William C. Dudley, President and CEO of the Federal Reserve Bank of New York.

Financial Literacy Day is open to everyone interested in learning more about:

  • Fiduciary and Trustee Roles and Responsibilities
    • David Berson, Senior Vice President and Chief Economist, Nationwide Mutual Insurance Company
    • Michael McNiven, PhD., Managing Director & Portfolio Manager, Cumberland Advisors
    • David R. Fink, CFA, CFP, Haliday Financial, Sarasota area
    • Neal D. Colton, JD, MBA, Former Shareholder, retired, Cozen O’Connor (Philadelphia, PA)
    • Judy Hangartner, M.A., CPA, Assistant Professor, Business & Technology, State college of Florida
  • Women’s Financial Issues
    • Cheryl Loeffler, MBA, Recognized Realtor with Sotheby Realtors and former Chairman of the Board of Trustees, Ringling College of Art, Sarasota
    • Laura Mattia, PhD., CFP, Financial Planning Program Director, Cumberland Advisors and Professor at the University of South Florida
    • Kimberly Walker, Board Certified Labor & Employment Law Attorney, Williams Parker Harrison Dietz & Getzen
    • Tracy Collins, PhD,  Assistant Professor of Economics, New College of Florida, Sarasota
    • Alison M. Gardner, First Vice President of Wealth Management, Senior Portfolio Manager, Family Wealth Advisor, Financial Planning Specialist, Morgan Stanley
  • Investment Options and Outlook for Investors and Financial Markets
    • Edward F. Keon, Jr., Managing Director and Portfolio Manager, Quantitative Management Associates
    • John Mousseau, CFA, Executive Vice President and Director of Fixed Income, Cumberland Advisors
    • Ray Dillon, President & CEO, retired, Deltic Timber Corporation
    • Janet Sperling, Senior Vice President, Investments, WMS, Raymond James, Sarasota
  • Global Economic Outlook: Where Do We Go From Here
    • Michael Drury, Chief Economist, McVean Trading & Investments, & Chairman, Global Interdependence Center
    • Kozo Koide, Chief Economist, Asset Management One Co., Ltd., Japan
    • Megan Greene, Managing Director and Chief Economist, Manulife Asset Management Limited
    • Ramiro Lopez Larroy, Partner and Director, Integras Capital
    • Michael McKee, Worldwide Bloomberg TV & Radio Journalist
  • Special Remarks:

o   Dr. Terry A. Osborn, Interim Regional Chancellor and Regional Vice Chancellor for Academic and Student Affairs, USF Sarasota-Manatee

o   Dr. Donal O’Shea, President and Professor of Mathematics-Natural Sciences, New College of Florida, Sarasota

o   Dr. James M. Curran, Dean of the Business School, University of South Florida

o   David R. Kotok, Founder and Chief Investment Officer, Cumberland Advisors

 

 Financial Literacy Day is a unique Sarasota-only event of National Significance

 

This program has been accepted for four (4) hours continuing education by CFP Board, The American College (PACE). 4 units for Registered Financial Consultants.

Application has been filed with Florida Department of Business and Professional Regulation (CPE). You must attend the live sessions to receive credit.

*** STREAMING LINK ***
https://mediasite.usfsm.edu/Mediasite/Play/dd1caacd320747b99eb09595735a99631d
*** STREAMING LINK ***

For more information and a schedule of events, please visit usfsm.edu/event/financial-literacy-day




MoneyShow Las Vegas – May 15-18, 2017

MoneyShow Las Vegas – May 15-18, 2017

From May 15th to 18th, John Mousseau of Cumberland Advisors will join the nation’s top financial minds at The MoneyShow Las Vegas where they’ll discuss the economy, the markets, and how the changing political climate will impact them in the coming year. Use the link to read full details.



Financial Literacy Day Is Almost Here!

Financial Literacy Day March 30th, 2017




Financial Literacy Day 2017 at USF Sarasota-Manatee

For information about Financial Literacy Day 2018, please visit: www.cumber.com/financial-literacy-day/

Scene Magazine Article and Financial Literacy Day Agenda

Cumberland Advisors & USF Sarasota-Manatee Financial Literacy Day

Financial Literacy Day Agenda PDF

 

Cumberland Advisors and the University of South Florida Sarasota-Manatee are proud to have organized Financial Literacy Day 2017 on March 30, 2017. That event featured panel discussions by experts on:

– Fiduciary/Trustee Roles and Responsibilities
– Women’s Financial Issues
– Investment Options/Outlook for Investors and Financial Markets
– The Global Economic Outlook

Keynote remarks were given by William C. Dudley, President and CEO of the Federal Reserve Bank of New York.

Financial Literacy Day 2017 Agenda:

  • Fiduciary and Trustee Roles and Responsibilities
    • David Berson, Senior Vice President and Chief Economist, Nationwide Mutual Insurance Company
    • Michael McNiven, PhD., Managing Director & Portfolio Manager, Cumberland Advisors
    • David R. Fink, CFA, CFP, Haliday Financial, Sarasota area
    • Neal D. Colton, JD, MBA, Former Shareholder, retired, Cozen O’Connor (Philadelphia, PA)
    • Judy Hangartner, M.A., CPA, Assistant Professor, Business & Technology, State college of Florida
  • Women’s Financial Issues
    • Cheryl Loeffler, MBA, Recognized Realtor with Sotheby Realtors and former Chairman of the Board of Trustees, Ringling College of Art, Sarasota
    • Laura Mattia, PhD., CFP, Financial Planning Program Director, Cumberland Advisors and Professor at the University of South Florida
    • Kimberly Walker, Board Certified Labor & Employment Law Attorney, Williams Parker Harrison Dietz & Getzen
    • Tracy Collins, PhD,  Assistant Professor of Economics, New College of Florida, Sarasota
    • Alison M. Gardner, First Vice President of Wealth Management, Senior Portfolio Manager, Family Wealth Advisor, Financial Planning Specialist, Morgan Stanley
  • Investment Options and Outlook for Investors and Financial Markets
    • Edward F. Keon, Jr., Managing Director and Portfolio Manager, Quantitative Management Associates
    • John Mousseau, CFA, Executive Vice President and Director of Fixed Income, Cumberland Advisors
    • Ray Dillon, President & CEO, retired, Deltic Timber Corporation
    • Janet Sperling, Senior Vice President, Investments, WMS, Raymond James, Sarasota
  • Global Economic Outlook: Where Do We Go From Here
    • Michael Drury, Chief Economist, McVean Trading & Investments, & Chairman, Global Interdependence Center
    • Kozo Koide, Chief Economist, Asset Management One Co., Ltd., Japan
    • Megan Greene, Managing Director and Chief Economist, Manulife Asset Management Limited
    • Ramiro Lopez Larroy, Partner and Director, Integras Capital
    • Michael McKee, Worldwide Bloomberg TV & Radio Journalist
  • Special Remarks:

o   Dr. Terry A. Osborn, Interim Regional Chancellor and Regional Vice Chancellor for Academic and Student Affairs, USF Sarasota-Manatee

o   Dr. Donal O’Shea, President and Professor of Mathematics-Natural Sciences, New College of Florida, Sarasota

o   Dr. James M. Curran, Dean of the Business School, University of South Florida

o   David R. Kotok, Founder and Chief Investment Officer, Cumberland Advisors

 

 Financial Literacy Day is a unique Sarasota-only event of National Significance

 

This program has been accepted for four (4) hours continuing education by CFP Board, The American College (PACE). 4 units for Registered Financial Consultants.

Application has been filed with Florida Department of Business and Professional Regulation (CPE). You must attend the live sessions to receive credit.

For more information, tickets and schedule of events, please visit usfsm.edu/event/financial-literacy-day